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The Islamic Finance Handbook: A Practitioner's Guide to the Global Markets

Book Description

Get up to speed quickly on the world's fastest growing financial sector

The Islamic Finance Handbook: A Practitioner's Guide to the Global Markets is the definitive report for the Islamic finance industry. Written by the industry's leading practitioners, the book provides a country-by-country breakdown of the current state of the Islamic market, including league tables by region and by country. Relevant case studies are used throughout to illustrate the practical aspect of the information presented. Organized for easy navigation, each chapter features sub-sections that allow instant comparison between countries in a specific area of interest.

The Islamic finance industry is the world's fastest growing sector, valued at over U.S. $1.3 trillion by the UK Islamic Finance secretariat, with an annual growth of 24% for the past five years. To compete globally, practitioners need a true understanding of key markets within the industry. The Islamic Finance Handbook paints a clear picture of where each country stands in its development and role within the market, and provides a straightforward comparison between markets. Features include:

  • Current macroeconomic and microeconomic conditions

  • Regulatory and political situations

  • Recent transactions, key participants, and the investor climate

  • Real-world cases, as opposed to speculative scenarios

  • The book places a clear focus on current conditions versus past performance, and on practical applications versus theoretical speculation. Each chapter is authored by a leading practitioner from within each country, allowing a true glimpse inside the day-to-day workings of the Islamic markets. For finance professionals who need to get up to speed on this rapidly growing sector, The Islamic Finance Handbook: A Practitioner's Guide to the Global Markets is a clear, comprehensive guide.

    Table of Contents

    1. Cover
    2. Series Page
    3. Title Page
    4. Copyright
    5. Foreword
    6. Preface
    7. Introduction
    8. Chapter 1: Australia
      1. Asset Management
      2. Tax and Accounting
      3. Retail Finance
      4. Microfinance
      5. Takaful and Re-Takaful
      6. Issuances and Sukuk
      7. Debt Capital Markets
      8. Equity Capital Markets
      9. Regulatory Issues
      10. Cross-Border Financing
      11. The Future
      12. Notes
      13. References
      14. About the Author
    9. Chapter 2: Bahrain
      1. Asset Management
      2. Tax and Accounting
      3. Retail and Microfinance
      4. Mergers And Acquisitions
      5. Takaful and Re-Takaful
      6. Sukuk
      7. Sovereign Wealth Funds
      8. Regulatory Issues
      9. Cross-Border Financing
      10. Notes
      11. References
      12. About The Author
    10. Chapter 3: Bangladesh
      1. Asset Management
      2. Tax and Accounting
      3. Retail and Microfinance
      4. Takaful and Re-Takaful
      5. Sovereign Bonds
      6. Sukuk
      7. Debt Capital Markets
      8. Regulatory Issues
      9. Cross-Border Financing
      10. Conclusion
      11. About the Author
    11. Chapter 4: Brunei
      1. The Principal Legislation Regulating Islamic Banks and Finance Companies
      2. Islamic Asset Management
      3. Tax and Accounting
      4. Retail and Microfinance
      5. Takaful and Re-Takaful
      6. Sovereign Sukuk
      7. Debt Capital Markets
      8. Cross-Border Financing
      9. Regulatory Issues
      10. Human Resources Development
      11. Conclusion
      12. About The Authors
    12. Chapter 5: Canada
      1. Past Performance
      2. Prospects
      3. Asset Management
      4. Tax and Accounting
      5. Retail and Microfinance
      6. Takaful
      7. Sukuk and the Debt Capital Market
      8. Regulatory Issues
      9. Conclusion
      10. About the Author
    13. Chapter 6: China
      1. Asset Management
      2. Tax and Accounting
      3. Retail and Microfinance
      4. Takaful and Re-Takaful
      5. Sukuk
      6. Debt Capital Markets
      7. Regulatory Issues
      8. Conclusion
      9. Notes
      10. About the Author
    14. Chapter 7: Egypt
      1. Asset Management
      2. Tax and Accounting
      3. Retail and Microfinance
      4. Takaful and Re-Takaful
      5. Sovereign Sukuk
      6. Sukuk
      7. Debt Capital Markets
      8. Regulatory Issues
      9. Cross-Border Financing
      10. Conclusion
      11. About the Authors
    15. Chapter 8: Hong Kong
      1. Asset Management
      2. Tax
      3. Retail and Microfinance
      4. Islamic Banking
      5. Sukuk and Renminbi Business
      6. Debt Capital Markets and Equity Capital Markets
      7. Regulatory Issues
      8. Cross-Border Financing
      9. Conclusion
      10. About the Authors
    16. Chapter 9: India
      1. Asset Management
      2. Tax and Accounting
      3. Retail and Microfinance
      4. Takaful and Re-Takaful
      5. Sovereign Sukuk
      6. Debt Capital Markets
      7. Regulatory Issues
      8. Cross-Border Financing
      9. Conclusion
      10. About the Author
    17. Chapter 10: Indonesia
      1. Macroeconomic Performance and Asset Management
      2. Microfinance
      3. Takaful and Re-Takaful
      4. Sukuk
      5. Regulatory Issues
      6. Conclusion
      7. Notes
      8. References
      9. About the Author
    18. Chapter 11: Iran
      1. The History of Iranian Banking
      2. The Riba-Free Banking Act
      3. Deposits
      4. Allocation of Funds
      5. Other Regulations
      6. Monetary Policy
      7. How Iranian Practices Differ From Those of Other Countries
      8. Challenges and Strengths
      9. Cooperation with Other Islamic Countries
      10. Iranian Banking System Statistics
      11. The Iranian Islamic Capital Market
      12. Note
      13. References
      14. About the Author
    19. Chapter 12: Japan
      1. Corporate Banking
      2. Retail Banking and Microfinance
      3. Debt Capital Markets (Sukuk)
      4. Equity Capital Markets
      5. Asset Management
      6. Takaful and Re-Takaful
      7. Sovereign Wealth Funds
      8. Regulatory Issues
      9. Tax and Accounting
      10. Conclusion
      11. About the Author
      12. Note
    20. Chapter 13: Jordan
      1. Asset Management
      2. Tax and Accounting
      3. Microfinance
      4. Takaful and Re-Takaful
      5. Debt capital Markets
      6. Cross-Border Financing
      7. Sovereign Sukuk
      8. Regulatory Issues
      9. Conclusion
      10. Note
      11. References
      12. About the Author
    21. Chapter 14: Kazakhstan
      1. Past Performance
      2. Prospects
      3. Asset Management
      4. Tax and Accounting
      5. Retail and Microfinance
      6. Takaful and Re-Takaful
      7. Sovereign Sukuk
      8. Sukuk
      9. Debt Capital Markets
      10. Regulatory Issues
      11. Cross-Border Financing
      12. Conclusion
      13. About the Author
    22. Chapter 15: Kenya
      1. Islamic Finance Banks
      2. Islamic Windows
      3. Microfinance
      4. Takaful and Re-Takaful
      5. Islamic Capital Markets
      6. Sukuk and Debt Capital Markets
      7. Regulatory Challenges and Shari'ah Concerns
      8. The Technology Industry and Islamic Finance
      9. Conclusion
      10. Notes
      11. About the Author
    23. Chapter 16: Kuwait
      1. Asset Management
      2. Tax and Accounting
      3. Retail and Microfinance
      4. Islamic Banking
      5. Takaful and Re-Takaful
      6. Sovereign Wealth Funds
      7. Sukuk
      8. Debt Capital Markets
      9. Regulation
      10. Cross-Border Financings
      11. Conclusion
      12. About the Author
    24. Chapter 17: Luxembourg
      1. Asset Management
      2. Microfinance
      3. Takaful and Re-Takaful
      4. Sovereign Wealth Funds
      5. Sukuk and Debt Capital Markets
      6. Regulatory Issues
      7. Tax and Accounting
      8. Cross-Border Financing
      9. Conclusion
      10. Notes
      11. About the Authors
    25. Chapter 18: Malaysia
      1. Islamic Banking
      2. Asset Management
      3. Tax and Accounting
      4. Retail and Microfinance
      5. Takaful and Re-Takaful
      6. Sukuk
      7. The Money Market
      8. The Stock Market
      9. Cross-Border Financing
      10. Regulatory Issues
      11. Conclusion
      12. Notes
      13. About the Author
    26. Chapter 19: Maldives
      1. Asset Management
      2. Tax and Accounting
      3. Retail and Microfinance
      4. Takaful and Re-Takaful
      5. Sovereign Sukuk
      6. Sukuk
      7. Debt Capital Markets
      8. Regulatory Issues
      9. Cross-Border Financing
      10. Conclusion
      11. References
      12. About the Author
    27. Chapter 20: Nigeria
      1. Past Performance
      2. Prospects
      3. Asset Management
      4. Tax and Accounting
      5. Retail and Microfinance
      6. Takaful and Re-Takaful
      7. Sovereign Sukuk
      8. Sukuk
      9. Debt Capital Markets
      10. Cross-Border Financing
      11. Conclusion
      12. References
      13. About the Author
    28. Chapter 21: Oman
      1. Retail Banking
      2. Corporate Banking
      3. Tax and Accounting
      4. Takaful and Re-Takaful
      5. Islamic Investment Securities
      6. Regulatory and Other Issues
      7. Conclusion
      8. References
      9. About the Author
    29. Chapter 22: Pakistan
      1. Past Performance
      2. Prospects
      3. Asset Management
      4. Tax and Accounting
      5. Retail and Microfinance
      6. Takaful and Re-Takaful
      7. Sovereign Sukuk
      8. Sukuk
      9. Capital Markets
      10. Regulatory Issues
      11. Cross-Border Financing
      12. Conclusion
      13. References
      14. About the Author
    30. Chapter 23: Qatar
      1. Asset Management
      2. Tax and Accounting
      3. Retail Banking and Microfinance
      4. Takaful and Re-Takaful
      5. Sovereign Sukuk
      6. Sukuk
      7. Debt Capital Markets
      8. Regulatory Issues
      9. Cross-Border Financing
      10. Conclusion
      11. About the Author
    31. Chapter 24: Saudi Arabia
      1. Regulatory Framework
      2. Asset Management
      3. Main Sources of Investment
      4. Key Trends
      5. Takaful
      6. Pensions
      7. Real Property
      8. Hedge Funds
      9. Tax Law
      10. Sukuk
      11. Shari'ah-Compliant Finance
      12. Conclusion
      13. About the Authors
    32. Chapter 25: Singapore
      1. Past Performance
      2. Prospects
      3. Asset Management
      4. Tax and Accounting
      5. Retail and Takaful
      6. Sovereign Sukuk
      7. Sukuk
      8. Cross-Border Financing
      9. Conclusion
      10. Notes
      11. About the Authors
    33. Chapter 26: South Africa
      1. The Financial Services Industry
      2. Asset Management
      3. Tax and Accounting
      4. Islamic Banks
      5. Takaful
      6. Sovereign Sukuk
      7. Regulatory Issues
      8. Cross-Border Financing
      9. Conclusion
      10. Notes
      11. About the Author
    34. Chapter 27: Sri Lanka
      1. Past Performance
      2. Prospects
      3. Asset Management
      4. Tax and Accounting
      5. Retail and Microfinance
      6. Takaful and Re-Takaful
      7. Sovereign Sukuk
      8. Sukuk
      9. Capital Markets
      10. Regulatory Issues
      11. Cross-Border Financing
      12. Conclusion
      13. Notes
      14. About the Author
    35. Chapter 28: Tanzania
      1. Islamic Banking Products
      2. Asset Management
      3. Tax and Accounting
      4. Retail and Microfinance
      5. Takaful and Re-Takaful
      6. Sovereign Sukuk and Debt Capital Markets
      7. Regulatory Issues
      8. Cross-Border Financing
      9. Conclusion
      10. About the Author
    36. Chapter 29: Thailand
      1. Past Performance
      2. Prospects
      3. Asset Management
      4. Tax and Accounting
      5. Retail and Microfinance
      6. Takaful and Re-Takaful
      7. Sovereign Ratings and Sukuk
      8. Sukuk
      9. Debt Capital Markets
      10. Regulatory Issues
      11. Cross-Border Financing
      12. Conclusion
      13. About the Author
    37. Chapter 30: Turkey
      1. Asset Management
      2. Tax and Accounting
      3. Retail and Microfinance
      4. Takaful and Re-Takaful
      5. Sovereign Sukuk
      6. Sukuk
      7. Debt Capital Markets
      8. Regulatory Issues
      9. Cross-Border Financing
      10. Conclusion
      11. About the Authors
    38. Chapter 31: United Arab Emirates
      1. Modern Islamic Banking
      2. The Islamic Development Bank and Others
      3. Tax and Accounting
      4. Takaful and Re-Takaful
      5. Retail Banking
      6. Microfinance and Small and Medium Enterprises
      7. Sukuk and Debt Capital Markets
      8. The Regulatory Framework
      9. Current Developments
      10. Conclusion
      11. About the Author
    39. Chapter 32: United Kingdom
      1. Asset Management
      2. Tax and Accounting
      3. Retail and Microfinance
      4. Takaful and Re-Takaful
      5. Sovereign Sukuk
      6. Sukuk and Debt Capital Markets
      7. Regulatory Issues
      8. Cross-Border Financing and Investment
      9. Conclusion
      10. About the Author
    40. Chapter 33: United States
      1. The General Legal Landscape
      2. Retail
      3. Wholesale Equity Investment
      4. Sukuk
      5. Conclusion
      6. About the Authors
    41. About the Editors
    42. List of Contributors
    43. Index
    44. End User License Agreement